Chart Shows Bitcoin Price Could Slide Below $100k Again as Key Resistance Holds

2025-7-2 22:30

BTC price action shows Bitcoin might be on the verge of another drop below the $100,000 mark. On the daily chart, Bitcoin is moving inside a descending broadening wedge pattern. This means the price is trading between two downward-sloping trendlines that are gradually getting wider apart.

Each time BTC hits the top of this channel, it faces rejection and moves lower, creating a series of lower highs. At the same time, the price keeps bouncing off the lower boundary but with lower lows, showing weakness.

Currently, BTC price is hovering around $106,000 after failing to break above the upper trendline once again. The chart suggests that this rejection could trigger a new wave of selling pressure, with a potential drop of about 7.9% from the current level. That would put the BTC price near the $97,600 area, which is shown on the chart as the next significant support.

BTC Price Chart in a Descending Broadening Pattern

The upper boundary of the channel has turned into a strong resistance zone. This resistance has kept Bitcoin from breaking out higher several times since mid-May. Each failed attempt at a breakout has resulted in sharp declines, reinforcing the bearish sentiment in the market. As long as Bitcoin stays trapped below this resistance, the bias remains bearish in the short term.

Bitcoin’s Next Major Support Could Be Tested Soon

The chart highlights a key level around $97,600, which is where the price could find its next significant support. A bounce from this area could set the stage for another attempt to move higher, but a break below it could open the door for a deeper correction.

Read Also: JasmyCoin (JASMY) Price Prediction for July: Will this Bullish Outlook Play Out?

Looking at the overall structure, Bitcoin’s momentum appears to be weakening. The repeated rejections at the descending trendline and the lower highs on each rally indicate sellers are still in control. Until BTC price manages to break above this descending resistance with strong volume, the risk of another dip below $100,000 remains high.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Chart Shows Bitcoin Price Could Slide Below $100k Again as Key Resistance Holds appeared first on CaptainAltcoin.

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price bitcoin chart below shows pattern descending

Источник: captainaltcoin.com

price bitcoin → Результатов: 126


Bitcoin ‘True Bull Run’ May Yet To Begin — Analyst Explains Why

The Bitcoin price action has been somewhat impressive in 2025, as the flagship cryptocurrency ascended from around $93,300 in early January to its current all-time-high price of $126,000 this month. While the digital asset saw a couple of resets along the way, it continued to put in new highs, reflecting the magnitude of confidence held by its long-term investors.

2025-10-26 19:30


Фото:

Bitcoin Briefly Dips Below $100,000 – Experts Share Shocking Price Predictions

Bitcoin (BTC) price hit $99,000 over the weekend, catching most traders unawares. The drop saw the price fall as global tensions rose following U. S. airstrikes against Iranian nuclear sites. With the crypto market panicking with fear, most of the investors questioned whether this was the ‘beginning of the end’ for a bigger correction.

2025-6-23 17:00


Bitcoin Set for “Mega Expansion” as Chart Signals Parabolic Price Spike

According to CryptoCon, Bitcoin is setting up for what he calls a “mega expansion” phase, one that could lead to faster and more dramatic price increases heading into the end of 2025. After carefully mapping out BTC price action throughout Cycle 4, CryptoCon suggests that most of this cycle has been about slow, sideways movement, […] The post Bitcoin Set for “Mega Expansion” as Chart Signals Parabolic Price Spike appeared first on CaptainAltcoin.

2025-5-14 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How High Cardano (ADA) Price Can Go In December?

Cardano (ADA) has had a rough few weeks, and the selling pressure hasn’t fully settled. Even so, ADA is back in the conversation after several developments around its governance, network stability, and the latest liquidation wave.

Here’s Where MYX Finance (MYX) Price Could Be Headed In December

As the week begins, MYX Finance (MYX) is already showing increased activity amid rising speculation about what comes next. Traders are paying close attention to the project again, especially with talk of a possible Binance listing and renewed interest around the V2 upgrade.